HDDVX vs. HFQTX

Last updated Jun 3, 2026

HDDVX (Janus Henderson International Dividend Fund Class D) and HFQTX (Janus Henderson Global Equity Income Fund Class T) are both Global Equity Income funds from Janus Henderson. HDDVX is actively managed, while HFQTX is passively managed. Over the past 5 years, HDDVX returned 12.19%/yr vs 10.33%/yr for HFQTX. Their correlation of 0.93 suggests significant overlap in exposure. HDDVX charges 0.90%/yr vs 0.95%/yr for HFQTX.

Performance

HDDVX vs. HFQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson International Dividend Fund Class D (HDDVX) and Janus Henderson Global Equity Income Fund Class T (HFQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDDVX achieves a 14.90% return, which is significantly higher than HFQTX's 11.64% return.

HDDVX

• 1D: 0.58%
• 1M: 6.11%
• YTD: 14.90%
• 6M: 18.23%
• 1Y: 26.35%
• 3Y*: 20.30%
• 5Y*: 12.19%
• 10Y*: —

HFQTX

• 1D: 0.25%
• 1M: 1.65%
• YTD: 11.64%
• 6M: 14.79%
• 1Y: 25.76%
• 3Y*: 18.17%
• 5Y*: 10.33%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HDDVX vs. HFQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDDVX Janus Henderson International Dividend Fund Class D	14.90%	29.23%	8.73%	17.97%	-8.67%	11.66%	5.15%	18.72%	-9.14%	6.86%
HFQTX Janus Henderson Global Equity Income Fund Class T	11.64%	29.80%	7.08%	10.40%	-6.41%	12.85%	1.59%	21.13%	-15.74%	7.75%

Correlation

The correlation between HDDVX and HFQTX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017	0.93

The correlation between HDDVX and HFQTX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

HDDVX vs. HFQTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HDDVX

HDDVX Risk / Return Rank: 43
HDDVX Sharpe Ratio Rank: 47
HDDVX Sortino Ratio Rank: 42
HDDVX Omega Ratio Rank: 47
HDDVX Calmar Ratio Rank: 39
HDDVX Martin Ratio Rank: 39

HFQTX

HFQTX Risk / Return Rank: 55
HFQTX Sharpe Ratio Rank: 64
HFQTX Sortino Ratio Rank: 56
HFQTX Omega Ratio Rank: 63
HFQTX Calmar Ratio Rank: 48
HFQTX Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HDDVX vs. HFQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson International Dividend Fund Class D (HDDVX) and Janus Henderson Global Equity Income Fund Class T (HFQTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HDDVX	HFQTX	Difference
Sharpe ratio Return per unit of total volatility	2.03	2.35	-0.32
Sortino ratio Return per unit of downside risk	2.71	3.15	-0.44
Omega ratio Gain probability vs. loss probability	1.37	1.44	-0.07
Calmar ratio Return relative to maximum drawdown	2.37	2.66	-0.30
Martin ratio Return relative to average drawdown	8.54	9.58	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDDVX vs. HFQTX - Sharpe Ratio Comparison

The current HDDVX Sharpe Ratio is 2.03, which is comparable to the HFQTX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of HDDVX and HFQTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDDVX	HFQTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.35	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.80	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.55	+0.18

Drawdowns

HDDVX vs. HFQTX - Drawdown Comparison

The maximum HDDVX drawdown since its inception was -28.60%, smaller than the maximum HFQTX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for HDDVX and HFQTX.

Drawdown Indicators

	HDDVX	HFQTX	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-34.53%	+5.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-10.02%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-13.01%	-12.18%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-21.72%	-1.27%
Current Drawdown Current decline from peak	0.00%	-2.11%	+2.11%
Average Drawdown Average peak-to-trough decline	-4.48%	-5.77%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.79%	+0.35%

Volatility

HDDVX vs. HFQTX - Volatility Comparison

Janus Henderson International Dividend Fund Class D (HDDVX) and Janus Henderson Global Equity Income Fund Class T (HFQTX) have volatilities of 4.72% and 4.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDDVX	HFQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.66%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	9.47%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	11.43%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	13.00%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	14.88%	-1.03%

HDDVX vs. HFQTX - Expense Ratio Comparison

HDDVX has a 0.90% expense ratio, which is lower than HFQTX's 0.95% expense ratio.

Dividends

HDDVX vs. HFQTX - Dividend Comparison

HDDVX's dividend yield for the trailing twelve months is around 6.67%, more than HFQTX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDDVX Janus Henderson International Dividend Fund Class D	6.67%	7.61%	6.50%	3.08%	4.12%	4.58%	3.22%	3.15%	4.12%	2.32%
HFQTX Janus Henderson Global Equity Income Fund Class T	6.15%	6.80%	8.18%	8.08%	8.26%	7.10%	7.47%	6.99%	7.85%	5.06%

Frequently Asked Questions

Can I hold both HDDVX and HFQTX in my portfolio?

HDDVX and HFQTX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDDVX or HFQTX?

HDDVX has higher volatility (4.72%) compared to HFQTX (4.66%). In terms of maximum drawdown, HDDVX dropped -28.60% vs HFQTX's -34.53%.

Which has better risk-adjusted returns?

HFQTX currently has the higher Sharpe Ratio (2.35 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.